Emissions Banking and Trading of Allowances ProgramThe EBTA program is a market-based cap-and-trade program that implements annual nitrogen oxides and sulfur dioxide emission caps for grandfathered and electing electric generating facilities (EGFs) in the State of Texas.https://www.tceq.texas.gov/airquality/banking/ebta_sb7_program.htmlhttps://www.tceq.texas.gov/@@site-logo/2CR-TCEQ.jpg

Emissions Banking and Trading of Allowances Program

The EBTA program is a market-based cap-and-trade program that implements annual nitrogen oxides and sulfur dioxide emission caps for grandfathered and electing electric generating facilities (EGFs) in the State of Texas.

Summary

Program participants are required to use allowances to cover NOx or SO2 emissions on an annual basis. The allowances available for use each year are capped at a level necessary to achieve a 50% reduction in NOx and a 25% reduction in SO2 from the total emissions reported to the U.S. Environmental Protection Agency’s Acid Rain Program in 1997. Participation from applicable grandfathered EGFs and electing EGFs (i.e., those which have voluntarily elected to participate in the EBTA program) is mandatory.